Excerpts from PRIVILEGE SPEECH of Senator Enrile

RICARDO M. ABCEDE

“Ricardo Abcede, PCGG Commissioner. Nakita ko po siya na sumasayaw sa television, pakendeng-kendeng, kasama niya ang dating First Lady Imelda Marcos. As a reward to himself for having successfully prevented the calling of 2006 Philcomsat Holdings annual stockholders meeting, he went to Toyota Makati, chose a Toyota Camry, had the car delivered to his house and demonstrated it to his driver. When this became a scandal, and it was investigated by the distinguished Chairman of the Committee on Government Corporations and Public Enterprises, Senator Gordon, Ricardo Abcede claimed that he only borrowed the car because his car broke down. There is no logical justification for Philcomsat Holdings to loan Abcede a car since Philcomsat Holdings is a public and not a sequestered corporation. But that is how brazen PCGG is and its commissioners. Some of its commissioners, not all, to be fair to them. I repeat not all, but some.

Ricardo Abcede, with his fantastic allowances and salaries from the PCGG, had to pass on P52,000 cell phone bills to Philcomsat Holdings, including P165,000 cost for the bodyguard services that he used, the P52,000 salary of his driver, and P12,500 lifetime membership to the Integrated Bar of the Philippines. All told, without any authority at all because Philcomsat Holdings is not under the jurisdiction of the PCGG, Mr. Ricardo Abcede received a total of P2.5 million of the funds of Philcomsat Holdings. I do not know whether he has paid income tax on this.”

Brand new 2006 CAMRY personally selected by PCGG Comm. Ricardo Abcede, per Toyota dealer testimony at Senate hearing

PCGG Comm. ABCEDE +P1,000,000 CASH TAKE – No Record –
Handed Out of PHC’s “PR Fund” July 06 – Aug 07 WHILE Senate Committee Investigation on
PHC’s Anomalies was on-going